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Vakrangee Limited included in 2021 Bloomberg Gender-Equality Index

Posted On: 2021-01-27 05:26:14 (Time Zone: Arizona, USA)


Vakrangee Limited today announced that it is one of 380 companies across 11 sectors included in the 2021 Bloomberg Gender-Equality Index (GEI). The GEI expanded in 2021 to represent 44 countries and regions, including firms headquartered in Indonesia and Bermuda for the first time. Companies range from a variety of industries, including automotive, banking, consumer services, engineering and construction, and retail.

Commenting on this Mr. Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd. said, "We are extremely proud to see that Vakrangee is recognized & included in 2021 Bloomberg Gender-Equality Index. This recognition reflects our commitment to gender equality and transparency.

Vakrangee has always been a Responsible and Socially conscious company. Gender Equality is fundamental to our philosophy and core DNA of being a social equalizer. Equal treatment for women and men is not just the right thing to do but also makes good business sense for now and the future. We strive to build a workplace culture with gender Diversity and believe it is core to the success and growth of our company."

The GEI brings transparency to genderrelated practices and policies at publicly listed companies increasing the breadth of environmental, social, governance (ESG) data available to investors. The comprehensive, transparent GEI scoring methodology allows investors to assess company performance and compare across industry peer groups.

The reference index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand.

The 2020 GEI included 325 companies headquartered across 42 countries and regions.

"The companies included in the 2021 GEI are expanding the ESG data universe to include gender-related data that investors are demanding today," said Peter T. Grauer, Chairman of Bloomberg. "Their commitment to disclosure is making the business case for inclusion, and driving transparency in the markets."

Through disclosure of gender-related metrics using the GEI framework, the firms included in the 2021 GEI have committed to provide a comprehensive look at their investment in workplace gender equality and the communities in which they operate, raising the bar of what should be expected from other companies within the same industry. Vakrangee Limited was included in this year's index for scoring at or above a global threshold established by Bloomberg to reflect a high level of disclosure and overall performance across the framework's five pillars.

Both the framework and the GEI are voluntary and have no associated costs. The GEI is a reference index and is not for use as a financial benchmark. The index is not ranked. While all public companies are encouraged to disclose supplemental gender data for their company's investment profile on the Bloomberg Terminal, those that have a market capitalization of USD1 billion are eligible for inclusion in the index. To learn more please visit the GEI website. Bloomberg Terminal subscribers can access the GEI at {BGEI }.

Shares of Vakrangee Limited was last trading in BSE at Rs.57.85 as compared to the previous close of Rs. 60.85. The total number of shares traded during the day was 362716 in over 1712 trades.

The stock hit an intraday high of Rs. 60.75 and intraday low of 57.85. The net turnover during the day was Rs. 21219766.


Source: Equity Bulls

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